Bonds Up, Stocks Down on Renewed Economic Fears

Filed under: Market Matters , Economic Data , Federal Reserve , Currency A new fear gripped the market Friday. Originally, gross domestic product — the broadest measure of economic activity — was reported to have grown 2.4% in the second quarter. Now, many are expecting the Department of Commerce will revise this figure down next week. According to a Bloomberg survey , revised GDP will have lost one point to a more anemic 1.4% growth. The expectation of the lower GDP caused an accelerated rush to buy Treasuries. On the futures market , the 30 year bond was up 15 ticks to 134-26 . The Dow Jones Industrial average continued its decline, falling yet another 90 points in early morning trade. Continue reading Bonds Up, Stocks Down on Renewed Economic Fears Bonds Up, Stocks Down on Renewed Economic Fears originally appeared on BloggingStocks on Fri, 20 Aug 2010 10:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Bonds Up, Stocks Down on Renewed Economic Fears

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